TOKYO -- Japanese stationery maker Kokuyo has indirectly taken a 37% stake in compatriot pen maker Pentel through an investment fund, the company said Friday.
Kokuyo, the country's leading maker of stationery products with a strength in notebooks, will invest 10.1 billion yen ($92 million) in a fund operated by Mercuria Investment, which currently serves as the largest shareholder of Pentel. Kokuyo will become the fund's, and through it, Pentel's top shareholder.
